RG was founded in Iceland by a proven team of experienced geothermal experts. RG management has been directly responsible for projects in over 30 countries

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Employees

Reykjavík

Chelsea Cervantes

Geologist

Chelsea Cervantes holds a M.Sc. degree in Sustainable Energy specializing in Geothermal Science from the Iceland School of Energy, at Reykjavik University. Chelsea also holds a B.Sc. in Geology from the University of Calgary in Canada. Prior to joining RG Chelsea worked as a geologist in Alberta’s oil and gas industry before switching to geothermal energy and relocating to Iceland. At RG, Chelsea specializes in geological modelling and has built 3D conceptual visualisations of geothermal prospects in countries around the world including Ethiopia, Mexico, the Caribbean and Colombia.

Gestur Gislason

Senior Geologist /Geochemist

Gestur Gislason holds a degree in geology/geochemistry and has 35 years experience in the field of geothermal energy, of which 7 years were spent working on the East African Rift, including extensive work in Kenya. He has been active in exploration, field development and field management. He specializes in well flow testing, fluid chemistry, well operation (discharge and recharge) and environmental impact assessment and environmental monitoring. Gestur has been project manager and environmental expert in several projects which have been developed or are in development stage.

Gudmundur Thoroddsson

Chairman of the Board of Directors

Guðmundur Thoroddsson, Chief Executive Officer Reykjavik Geothermal, holds MS degree in Engineering and MBA. He has 30+ years of experience in energy & utilities and played a leadership role in the recent expansion of the Icelandic geothermal industry. Guðmundur previously held positions such as CEO of Orkuveita Reykjavíkur, Chairman of Iceland Drilling, and Board Member of Enex and Enex China. During his carrier as CEO he strongly supported new areas in geothermal development, such as very deep drilling, new drilling technologies and RD support to universities and research institutions. Gudmundur is among handful of CEOs in the world who succeeded in commissioning annually 50-100 MW of new geothermal power. This unique success rate can largely be attributed to his thorough understanding of the geothermal value chain, realized earlier by leading the right expert pool around Icelandic projects and now in Reykjavik Geothermal.

Gunnar Orn Gunnarsson

Chief Executive Officer

Gunnar Orn Gunnarsson holds a MS degree in Engineering. He has been in a leadership position in several industrial companies in Iceland and been a board member in many small and middle size companies. Gunnar represented the Government on the negotiating team in negotiations with Alcoa to secure its 340 tpa aluminium smelter which is now in full operation. Later he was a CEO of a Venture Capital Fund. For the last seven years Gunnar has been working in the power sector on business development specializing himself in contracting and financial matters.

Hjalmar Eysteinsson

Director - Geophysicist

Hjalmar Eysteinsson holds a Phd degree in geophysics from Brown University, USA. He has been working in geothermal research for over 25 years as well as teaching in the UNU
geothermal training program in Iceland. His main research activities are in resistivity surveying and interpretation of geothermal fields as well as designing software for the interpretation of
resistivity methods. He has organized and managed resistivity surveys both in Iceland and abroad, mainly in eastern Africa. He has also been working on gravity data, especially microgravity for
geothermal reservoir monitoring. He has been an active member of the Icelandic team, working on the Icelandic claim on the outer limits of the continental shelf beyond the 200 miles economical
zone.

Jon Orn Jonsson

Country Manager

Jon Orn Jonsson holds a M.Sc. degree in Sustainable Energy and Business from Reykjavik Energy Graduate School of Sustainable Systems, a Master in Project Management from the University of Iceland and a B.Sc. in Hotel Management from the University of Stavanger, Norway. Before joining RG, Jon Orn held an advisory position within retail banking at Islandsbanki. Prior to that he was the Assistant Hotel Director at Icelandair Hotel Hamar. Jon Orn has over 10 years of experience from the HORECA industry in the Nordic countries working as F&B manager, Restaurant Manager and Quality Manager and has as such managed a wide range of projects, events and other formal arrangements. Jon Orn is member of the Project Management Association of Iceland and the Iceland Touring Association.

Loftur Reimar Gissurarson

Managing Director - Head of QHSE

Dr. Loftur Reimar Gissurarson has worked in quality management since 1990. He has implemented a number of audited and accredited managment standards in companies, such as ISO 9001, ISO 14001, OHSAS 18001, ISO 27001, ISO 22000, ISO 15489, HACCP, CSR, Green Globe/Earth Check, BREEAM, COSO and Enterprise Risk Management COSO. Before joining Reykjavik Geothermal, he worked as Chief Quality Officer at Orkuveita Reykjavikur for 10 years where he managed with others the infrastructure of the company and re-engineering of processes. Loftur Reimar studied in Scotland where he obtained his Ph.D. in experimental psychology from the University of Edinburg.

Magnus Asbjornsson

Regional Director Middle East & Africa

Magnus Asbjornsson holds an MBA from London Business School, London and Columbia Business School, New York, and a Bachelor degree (First in Class) in International Relations & Diplomacy with a Minor in Economics from Schiller International University. Before joining RG, Magnus was a Senior Associate with Booz & Company (formerly Booz Allen Hamilton) and previously at Marakon Associates, leading firms in the field of management and strategy consulting worldwide. Magnus has twelve years of advisory and general management experience spanning investment, business strategy, planning, organization design, and change management work, working primarily with C-level executives and cabinet level government officials across five continents. Magnus spent four years living in East Africa and speaks five languages.

Margret Thorarinsdóttir

Office Manager - Certified Accountant

Margret Thorarinsdóttir is a certified accountant with credentials from Reykjavik University Iceland. She has a Diploma in Tourism from the Icelandic School of Travel and Tourism and a degree as a waiter from the Hotel & Restaurant School of Iceland. Margrét has worked as an Accountant for 11 years and 5 years as cashier at the insurance company VÍS. She has managed and operated accommodation and food services for two of the largest Salmon rivers in Iceland for 4 years. In addition she worked at the reception desk of Hellisheidi power plant, as a waiter at Radison SAS Hotel Iceland and as a flight attendant for Icelandair (Boeing 757 and 767) during two summers. She is also a mother of four happy children that keep her very busy when she's not at work.

Olof S. Palsdottir

Contractor

Olof S. Palsdottir is RG´s Finance Controller. She is responsible for the finance team, financial statements and budgets. She assists the CEO and Project Managers on strategic and tactical matters relating budget management, cost benefit analysis, forecasting needs and new funding, Mrs. Palsdottir has been in the energy sector for the last 25 years. Before joining RG, she worked for Reykjavik Energy, as Director of Finance 2007-2011, and as CFO in 1997-2006 and was responsible for the operations of the Departments of Economics, Treasury, Accounting and Procurement. She was member of Reykjavik City’s Risk Committee until 2002, and since then a member of the Reykjavik Energy Risk Committee. Before that she was Head of Economics and responsible for provision of information for the Board and owners, supervision of budgets for all divisions, long-term planning, cost monitoring, tariffs, various analyses and the company’s annual reports. Prior to that Mrs. Palsdottir was office manager for 7 years for Mannvit, engineering consulting firm, supervising daily operations and finance. She is an economist (cand.oecon) from the University of Iceland.

Snorri Gudbrandsson

Geochemist

Snorri Gudbrandsson holds a Ph.D. in Geochemistry, a B.Sc. in geology and a diploma in marketing. He has been involved in geothermal exploration and research since 2006. First as a borehole geologist at Iceland Geosurvey and later as researcher in the CarbFix and SulFix projects that aim to reduce gas emissions from Geothermal power plants.

Thorleifur Finnsson

Head of Project Development

Thorleifur Finnsson holds a B.Sc. degree in Electrical Engineering and has 25 years experience in the electricity power industry. Thorleifur has long experience in developing
and negotiating Project Agreements and Power Purchasing Agreements, as well as project managing pre-feasibility and feasibility studies for power projects. He has worked on various teams in Iceland
to implement projects as diverse as fiberoptic backbone network in Reykjavik area and deregulation of the Icelandic electrical market. The last years Thorleifur has been deeply involved in
establishing power projects in Asia and Africa.

Tomas Gudmarsson

Managing Director - Head of Engineering

Tomas Gudmarsson holds a M.Sc. in Mechanical Engineering. He has been involved in the geothermal for over 24 years, and his experience in geothermal is both in the direct use of geothermal hot water as well as Power production with geothermal steam. For over 12 years, he was the Manager of operation of Nesjavellir and Hellisheidi Geothermal Power Plants in Iceland for Reykjavik Energy, as well as two small hydro plants. The Geothermal plants are both CHP Plants (combined heat and power) rated power 423 MWe in 11 units. As a member of Reykjavik´s Energy New Power Generation Steering group he has been involved in design and developing these plants from the beginning.

Vilhjalmur Skulason

Financial Officer

Vilhjalmur Skulason holds a J.D. in Business Law from Bifröst University in Iceland and a diploma in International Business Law from Shanghai University and has over 20 years expertise in business contracting and business development. He has substantial international negotiations expertise; ranging from import/export deals to complex resource access and long time sophisticated power purchase agreement.

United States

Chris McCormick

Strategy & Project Finance

Chris McCormick is a Partner with Ambata Capital Partners, a significant investor in Reykjavik Geothermal. Chris has been seconded into RG as of Ambata’s investment in Reykjavik Geothermal in 2011. Chris leads specific development efforts in RG, serves as an MD for the MexxusRG joint venture, is involved in project finance activities and is a Managing Director/Board Member for RG’s sister company in the Middle East, RG Thermal Energy Solution (RG TES or RG Safa). Chris holds a BS In Materials Science and Engineering from The Johns Hopkins University and an MBA in Finance from NYU’s Stern School of Business.

Herman Charles

Communication /HSE Officer

Trent Philipp

Regional Director Americas

Trent Philipp was a partner of Ambata Capital, LLC, responsible for US and European initiatives and relationships, including overseeing the strategic partnerships with Carl Hahn Partners,
Sustainable Development Capital Ltd., and The Coalition for Rainforest Nations. He also served as CEO of Ambata Securities, LLC, a FINRA registered broker dealer focused on clean energy and
sustainable development opportunities. Prior to Ambata, Trent was head of sales for the UK and Ireland at Soleil Securities, an independent equity research and brokerage firm. He was also
responsible for initiating investment banking efforts in the Alternative Energy sector. He has been actively involved in conservation and non-profit efforts, including the establishment of the
Fisheries Conservation Foundation and working with Peace One Day, a non-profit NGO dedicated to the establishment and observance of the International Day of Peace and Ceasefire. Trent Philipp
has a BA in political science from the University of Richmond and an MBA from NYU's Stern School of Business.

Geothermal power is a particularly compelling energy source, as the Earth produces heat at all times, geothermal power can be considered base-load and plants operate with near zero emissions.

"We tend to forget that we are blessed with two fundamental long lasting sources of energy -- one is the sun, the other is the fire inside the earth. We sit on it, we sleep on it, we walk on it, but we need to harness it. Geothermal..."- Olafur Grimsson, President of Iceland

"The Stone Age didn't end because we ran out of stones."- Sheikh Yamani, former OPEC Oil Minister